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45 Monroe Street, Bridgepor...

BlackRock Homes Partners Acquires 57-Unit Multifamily In Bridgeport, CT For $8.1M
SOLDMultiFamily

BlackRock Homes Partners Acquires 57-Unit Multifamily In Bridgeport, CT For $8.1M

45 Monroe Street, Bridgeport, Connecticut 06605, United States

$8,100,000

Building Size

Asset Type

MultiFamily

Closing

Mar 1, 2022

AI

A multifamily property located at 45 Monroe St in Bridgeport, CT has been sold in a recent transaction. The property consists of 57 units and was sold by Westnor Apartments LLC to BlackRock Homes Partners LLC. The deal was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group. The sale price for the property was $8,100,000, resulting in a per unit price of $142,105.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Address: 45 Monroe St, Bridgeport, CT
  • Market: Bridgeport, CT

The key individuals involved in the transaction were Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group, who represented the buyer and seller in the deal.

Players

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker
BlackRock
BlackRockBuyer
BlackRock
BlackRockLender

Bridgeport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93